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The Ohlson O-score for predicting bankruptcy is a multi-factor financial formula postulated in 1980 by Dr. James Ohlson of the New York University Stern Accounting Department as an alternative to the Altman Z-score for predicting financial distress.
Bankruptcy prediction is the art of predicting bankruptcy and various measures of financial distress of public firms. It is a vast area of finance and accounting research. The importance of the area is due in part to the relevance for creditors and investors in evaluating the likelihood that a firm may go bankrupt.
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Not only will you see a credit score drop of up to 200 points, but the bankruptcy will stay on your credit report for years down the road. Chapter 7 filings will stay on your report for 10 years ...
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A chapter 7 bankruptcy stays on your credit report for 10 years and The worst thing you can do to destroy your credit score is to file bankruptcy. Bursting the credit score myths: Credit ...
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